This compound is primarily utilized in the field of organic synthesis as a versatile intermediate. It serves as a key building block in the development of various heterocyclic compounds, which are essential in pharmaceutical research. Its structure is particularly valuable in the synthesis of molecules with potential biological activity, such as antimicrobial, antifungal, and anti-inflammatory agents. Additionally, it is employed in the creation of agrochemicals, contributing to the development of new pesticides and herbicides. Its stability and reactivity make it a useful component in the design of advanced materials and coordination chemistry studies.